Amidst a sharp cryptocurrency market decline, two significant investors, known as “whales,” quickly sold 3.36 million Ethena (ENA) tokens, valued at approximately 3.17 million USD. They executed the sale at 0.948 USD to minimize losses as ENA’s price dropped to 0.918 USD.
The broader cryptocurrency market is experiencing volatility, with Bitcoin falling by 3.77% to 95,493 USD. ENA is among the top declining altcoins, contributing to widespread investor anxiety. MAJOR sell-offs by large investors have intensified concerns as the market continues to challenge investor confidence.